ValuEngine upgraded shares of Pembina Pipeline (NYSE:PBA) (TSE:PPL) from a sell rating to a hold rating in a research note issued to investors on Thursday, May 31st.
Separately, Zacks Investment Research upgraded shares of Pembina Pipeline from a hold rating to a strong-buy rating and set a $37.00 price objective for the company in a report on Tuesday, May 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The stock has an average rating of Hold and an average target price of $37.00.
Pembina Pipeline traded up $0.23, hitting $34.56, during mid-day trading on Thursday, Marketbeat.com reports. 744,337 shares of the company traded hands, compared to its average volume of 589,675. Pembina Pipeline has a one year low of $29.28 and a one year high of $36.99. The firm has a market cap of $17.49 billion, a PE ratio of 25.98 and a beta of 0.67. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.83.
Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its earnings results on Thursday, May 3rd. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.14. Pembina Pipeline had a net margin of 17.53% and a return on equity of 10.07%. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same period in the previous year, the business posted $0.49 earnings per share. Pembina Pipeline’s revenue for the quarter was up 24.1% on a year-over-year basis. research analysts anticipate that Pembina Pipeline will post 1.95 earnings per share for the current year.
The company also recently announced a jun 18 dividend, which will be paid on Sunday, July 15th. Investors of record on Monday, June 25th will be paid a $0.19 dividend. This represents a dividend yield of 5.08%. The ex-dividend date of this dividend is Friday, June 22nd. Pembina Pipeline’s payout ratio is 133.83%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Jefferies Group LLC purchased a new stake in shares of Pembina Pipeline in the 4th quarter worth about $1,519,000. Scotia Capital Inc. increased its holdings in Pembina Pipeline by 20.3% in the 4th quarter. Scotia Capital Inc. now owns 3,052,010 shares of the pipeline company’s stock worth $110,475,000 after acquiring an additional 514,234 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in Pembina Pipeline by 0.5% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 8,542,990 shares of the pipeline company’s stock worth $310,301,000 after acquiring an additional 45,977 shares in the last quarter. AMP Capital Investors Ltd increased its holdings in Pembina Pipeline by 174.6% in the 4th quarter. AMP Capital Investors Ltd now owns 2,300,577 shares of the pipeline company’s stock worth $83,563,000 after acquiring an additional 1,462,723 shares in the last quarter. Finally, Comerica Bank grew its holdings in Pembina Pipeline by 24.7% during the 4th quarter. Comerica Bank now owns 57,762 shares of the pipeline company’s stock valued at $2,018,000 after buying an additional 11,423 shares in the last quarter. 45.52% of the stock is currently owned by institutional investors.
Pembina Pipeline Company Profile
Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through three divisions: Pipelines, Facilities, and Marketing & New Ventures. The company operates approximately 10,000 kilometers of pipeline network that transports hydrocarbon liquids and extends across Alberta and parts of British Columbia, Saskatchewan, and North Dakota; and owns and operates the Nipisi and Mitsue pipelines, which provide transportation for producers operating in the Pelican Lake and Peace River heavy oil regions of Alberta; transports synthetic crude oil for the Syncrude project and the Horizon project to delivery points near Edmonton, Alberta; and operates Cheecham Lateral, which transports synthetic crude to oil sands producers operating southeast of Fort McMurray, Alberta.
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